Online Calculators > Financial Calculators > Cost per Hire Calculator

Cost per Hire Calculator

Cost per hire calculator calculates the average cost of hiring each employee based on all the expenses and numbers of hires.

Cost Per Hire Calculator

Internal Expenses: $
External Expenses:
Total Number of Hires:
Cost per Hire:

Cost Per Hire Formula

The formula to compute the cost per hire is:

Internal Expenses + External Expenses/Number of Hires

For example,
during the hiring process, if the internal expenses are $12000, the external expenses such as recruiting costs and else are $27000, and the total hires 12 employees.
Then the cost per hire is $3250.

It is calculated as:
$12000 + $27000/12
= $3250


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